2025 (6) TMI 1060

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...., Mr. Ankan Das, Adv. and Ms. Shradhya Ghosh, Adv. For the Respondent : Mr. J.P. Khaitan, Sr. Adv., Mr. Souran Chunder, Adv. and Mr. Nilanjan Bhattacharya, Adv. ORDER The Court : This appeal filed by the revenue under Section 260A of the Income Tax Act, 1961 [the Act] is directed against the order dated 3.10.2023 passed by the Income Tax Appellate Tribunal "A" Bench, Kolkata [Tribunal] in ITA....

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...., being the year of accrual of income as per the accepted norms of accountancy? We have heard Mr. Soumen Bhattacharjee, learned standing counsel for the appellant and Mr. J. P. Khaitan, learned senior advocate for the respondent. The learned tribunal allowed the assessee's appeal and set aside the order passed by the Commissioner of Income Tax (Appeals), Kolkata [CIT(A)]-NFAC, Delhi dated 24.3.....

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....for the preceding three years namely, 2017-18, 2018-19 and 2019-20. The assessing officer was of the view that the assessee ought to have declared the amount received from the M.P. State Electricity Board as income for the assessment year 2017-18 and, accordingly, made addition which was affirmed by the appellate authority. The learned tribunal took note of the decision of the Hon'ble Supreme Cour....